Traders Purchase Large Volume of Call Options on Nokia (NOK)
Shares of Nokia (NYSE:NOK) were the target of some unusual options trading activity on Friday. Investors bought 31,292 call options on the stock, AnalystRatings.Net reports. This represents an increase of 138% compared to the average daily volume of 13,129 call options.
A number of research firms have recently commented on NOK. Analysts at Zacks upgraded shares of Nokia from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $8.50 price target on the stock. Separately, analysts at HSBC reiterated a “neutral” rating on shares of Nokia in a research note to investors on Friday, January 31st. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Nokia in a research note to investors on Monday, January 27th. Six analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Nokia has a consensus rating of “Hold” and a consensus price target of $12.20.
Shares of Nokia (NYSE:NOK) traded up 9.27% during mid-day trading on Friday, hitting $7.66. 48,701,216 shares of the company’s stock traded hands. Nokia has a 52 week low of $3.02 and a 52 week high of $8.20. The stock has a 50-day moving average of $7.59 and a 200-day moving average of $6.57. The company’s market cap is $28.437 billion.
Nokia (NYSE:NOK) last released its earnings data on Thursday, January 16th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.03. The company had revenue of $3.48 billion for the quarter. During the same quarter in the prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was down 21.2% on a year-over-year basis. On average, analysts predict that Nokia will post $0.30 earnings per share for the current fiscal year.
Nokia Oyj is a Finland-based company engaged in the manufacture of mobile devices and networks. It operates three business segments.
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